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Tesla has named director Robyn Denholm as board chair, fulfilling a demand by the US Securities and Exchange Commission to strip the job from Elon Musk, the electric car maker’s wayward chief executive who has dragged the company through months of turbulence.
The appointment was required as part of a September deal Tesla struck with the securities regulator to settle fraud charges against Musk and Tesla. Legal experts said it was unclear if Denholm, who has been on Tesla’s board for four years, was independent enough for Tesla to comply with the court-approved settlement.
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